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    TCM   DK0060915478


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TCM Group A/S: Transactions in connection with share buy-back programme

09/20/2021 | 03:10am EST

COMPANY ANNOUNCEMENT                                                                                                                    

No. 104/2021

Tvis, 20 September 2021

Transactions in connection with share buy-back programme

As mentioned in announcement no. 77/2021, TCM Group A/S (”TCM Group” or ”the Company”) has initiated a share buy-back programme which will run from 26 April 2021 until 11 March 2022. During this period, the Company will buy own shares for up to a maximum of DKK 100 million under the programme.

The share buyback has been set up and structured in accordance with the safe harbour rules in art. 5 of the Market Abuse Regulation and the European Commission Regulation 1052/2016 of 8 March 2016.

The following transactions have been executed during the period 13 September - 17 September 2021:

DateNo. of sharesAverage price (DKK)Total value (DKK)
Accumulated, last announcement353,790 56,123,803
13 September 20210-0
14 September 20213,092159.34492,679
15 September 20215,000156.68783,400
16 September 20215,000152.60763,000
17 September 20215,000154.07770,350
Total18,092 2,809,429
Accumulated under the programme371,882 58,933,232

Following these transactions, TCM Group A/S holds 657,596 shares as treasury shares, corresponding to 6,6 percent of the Company’s total share capital.

An overview showing the transaction data for the period 13 September - 17 September 2021 is enclosed.

For further information please contact:
Torben Paulin, CEO, TCM Group A/S, +45 21 21 04 64

About TCM Group

TCM Group is Scandinavia’s third largest manufacturer of kitchens and furniture for bathrooms and storage. The products are designed and produced in Denmark and rooted in a proud tradition of good quality and good craftsmanship. TCM Group pursues a multi-brand strategy, under which the main brand is Svane Køkkenet and the other brands are Tvis Køkkener and Nettoline. Combined, the brands cater for the entire price spectrum, and are sold through c. 140 dealers in Denmark and the rest of the Scandinavia. TCM Group sells private label kitchens through DIY stores in Denmark and independent kitchen stores in Norway. TCM Group is supplier to the 45% owned e-commerce kitchen business Celebert, which operates under the brands kitchn.dk, billigskabe.dk, Celebert and Just Woods. See www.tcmgroup.dk for more information.


© OMX, source GlobeNewswire - EU Press Releases

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Sales 2021 1 075 M 163 M 163 M
Net income 2021 125 M 19,0 M 19,0 M
Net Debt 2021 120 M 18,2 M 18,2 M
P/E ratio 2021 12,3x
Yield 2021 4,32%
Capitalization 1 482 M 225 M 225 M
EV / Sales 2021 1,49x
EV / Sales 2022 1,39x
Nbr of Employees 527
Free-Float 80,1%
Duration : Period :
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Technical analysis trends TCM GROUP A/S
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 161,00 DKK
Average target price 172,00 DKK
Spread / Average Target 6,83%
EPS Revisions
Managers and Directors
Torben Paulin Chief Executive Officer
Mogens Elbrønd Pedersen Chief Financial Officer
Sanna Mari Suvanto-Harsaae Chairman
Anders Tormod Skole-Sørensen Deputy Chairman
Søren Mygind Eskildsen Independent Director
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